Real profit after taxes is the most important management target. Profits
are the cost of survival and the creators of new value. In this book,
celebrated management thinker Hermann Simon brings clarity to the jungle
of profit concepts and balance sheets. He sheds light on the performance
of numerous companies and industries in international comparison and
looks at the key profit drivers: price, sales and costs. Hermann Simon
derives practical consequences from his astute analysis and offers a
convincing guide to profit-oriented and sustainable corporate
management!
The book pleads for a reconsideration of profit as the guiding concept
of management and entrepreneurship, and it showcases how profitability
can ensure the long term health of a business. Questioning the
fact/dilemma, why more than 80 percent of companies in the US are going
public have never turned a profit, this book is invaluable inspiration
and a powerful guide for responsible and resilient managers and
entrepreneurs.